Legalized marijuana has a lot of investors having visions of lots of green. With legalization sweeping across the states, it seems to be a great time to invest in marijuana stocks. Unfortunately, it’s not.
Tag Archives: Trend
As more states make it legal to light up, marijuana use is becoming more open and some people are even adding pot to their yoga routines.
In Washington State, illegal cultivation of marijuana has taken a sharp decline. According to the Yakima Herald, the number of marijuana plants confiscated by the Drug Enforcement Agency has fallen from 321,583 in 2010 to approximately 57,000 in 2014, an 80 percent decrease over four years.
U.S. stocks continued their upward trend on the back of broad economic optimism. Consumer confidence is climbing to a seven year high, as people head into the heat of the holiday shopping season.